PotashCorp’s Q4 earnings fall 46%
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) has posted a 46% drop in its fourth-quarter 2013 earnings and a weaker-than-expected 2014 guidance, as tough market conditions linger for crop nutrients.
Industrial/Specialty Minerals
U3O8 eyes JV with Chubut gov’t at Laguna Salada
VANCOUVER — There are a myriad of issues that can raise trip up mine developers in Argentina, but it looks like Toronto-based U3O8 Corp.’s (TSX: UWE; US-OTC: UWEFF) Laguna Salada uranium–vanadium project in Chubut province…
Thompson Creek Metals on track
Thompson Creek Metals (TSX: TCM; NYSE: TC) is in the final stages of ramping up its Mt. Milligan mine in northern B.C., and it’s on track to reach commercial production in the first quarter of 2014.
Adanac Moly renews pleas for takeover
For the last two years, Adanac Molybdenum (TSXV: AUA; US-OTC: AUAYF) has tried to find a buyer for all or part of the companyl, and its Ruby Creek molybdenum project in B.C.
Xmet grabs land around Zenyatta’s Albany graphite play
VANCOUVER — Several months ago, explorer Xmet (TSXV: XME; US-OTC: XMTTF) hit the brakes on its acquisition of the resource-stage Duquesne–Ottoman gold project from Clifton Star Resources (TSXV: CFO) due to tough market…
Alcoa takes a US$2.3B hit
VANCOUVER — As 2014 gets underway, the first major miner to report its financials is getting its bad news out of the way.
Fortune poised to start construction at NICO
VANCOUVER — With one last permit to clear, Fortune Minerals (TSE: FT; US-OTC: FTMDF) is reaching the final pre-construction stages at its Nico gold–cobalt–bismuth project, 160 km northwest of Yellowknife. The next…
U.S. markets, Jan. 6-10
The first trading week of 2014 saw the Dow Jones Industrial Average slide 0.02% to 16,437.05, the S&P 500 inch up 0.60% to 1,842.37 and the Philadelphia Gold & Silver Index rise 0.49% to 87.05. Weaker-than-expected jobs data dampened…
Toronto Stock Exchange, Jan. 6-10
Canada’s benchmark index gained during the week, as prices of gold and other commodities rose following poor North American jobs data.
Rio Alto gets an environmental nod to expand mine at La Arena
Rio Alto Mining (TSX: RIO; TSXV: RIO; NYSE: RIOM) is inching closer to producing copper from its La Arena project in northern Peru, with a recent environmental approval for an 18,000-tonne-per-day, open-pit sulphide operation.
Sherritt sells all its coal mines to Westmoreland, Altius
Sherritt International (TSX: S) is firming up its balance sheet and putting itself in a position to take advantage of perceived low prices for non-coal mining assets.
Canada Lithium and Sirocco to merge
A merger between Canada Lithium (TSX: CLQ; US-OTC: CLQMF) and Sirocco Mining (TSXV: SIM; US-OTC: ATAAF) would make the combined entity one of just two public companies that produce iodine and lithium, the companies say.